Nowadays, “should buy insurance for children” has become the consensus of many parents, but how to correctly choose the insurance for the children has become a headache for many parents: There are so many child insurances on the face, and many children can also buy them. Other insurance, what can I buy to not only save money, but also give children the best protection? What kind of insurance does the child have?
The first category: children's accidental injury insurance
insurance features: low premium, high security, no return.
Applicable to the family: basic purchase, only to protect from accidental injury.
Children's self-control ability is poor, lively and active, curiosity, and the possibility of accidents is great. According to a survey, accidental injuries have surpassed the disease as the number one killer of children's health.
, accidental injury is the leading cause of death and disability of children under 18, an average of 139 children suffer accidental injuries every day, in 2003 alone more than 50,000 children suffered different degrees of injury, according to statistics, the child is in the infant Early childhood self-protection awareness is relatively poor, basically relying entirely on the care and protection of parents and mothers; children in the primary and secondary school stage, to bear the responsibility of taking care of themselves, but as a small group, accidents are inevitable, parents can buy for their children at their discretion Accident insurance, once the child has an accident, can get certain financial compensation. This type of insurance is generally not expensive for consumption, only a few hundred a year, and all companies have launched.
Buying this type of insurance does not mean that you don't have to worry about your child's safety. It only gets some financial help and compensation after the child has an accident.
The second category: children's health insurance.
insurance features: low premium, high security, no return.
Applicable to the family: basic purchase, the child is weak. The survey of
shows that parents pay special attention to the health of their children. At present, major diseases have a tendency to become younger and younger, and the high medical expenses for major diseases have become a heavy burden for some families. According to the current medical system, children and adolescents are basically without medical security. Therefore, the use of insurance to share the child's medical expenses has become an important factor to consider when insuring child insurance. The smaller the age of major illness insurance, the cheaper the premium. In the past, many companies had prescribed more than 18 to purchase major illness insurance. As insurance products increased, children under 16 could also purchase the insurance. Take the 0 girl as an example. If the annual payment is only about 1000, you can buy 100,000 guarantees for life. This type of insurance is only available in the past two years.
Now the child has a cold and fever, hospitalization, accumulation, and cost is not small. When considering the purchase of insurance, it is recommended to buy additional inpatient medical insurance. In this way, the child is hospitalized, some medical expenses can be reimbursed, and 20-50/day hospitalization subsidy is obtained, which is still very worthwhile.
Major illness insurance The younger the insurance age, the cheaper the premium. In the past, many companies had prescribed more than 18 to purchase major illness insurance, but now children under 16 can also purchase the insurance.
The third category: children's education savings insurance.
Insurance characteristics: regular fixed payment, more deposits and more savings, savings outside the guarantee.
Applicable to households: Targeted medium and long-term reserves.
This kind of insurance mainly solves the problem of tuition fees for children going to school in the future or studying abroad. Higher and higher education expenditures, unpredictable futures, give parents a responsibility, and it is necessary to make financial planning and arrangements for children in advance. It is a compulsory savings to raise education costs for children in the form of insurance purchases and to pay insurance on time. In the event of a parent's accident, if you purchase a "exempt premium" insurance product, the child will not only be exempted from premiums, but will also receive a living allowance. In addition, the purchase of insurance can also achieve reasonable tax avoidance purposes to a certain extent. Since many insurance companies have introduced education-based children's insurance, the education fund is designed together with the child's death insurance. Compared with the simple investment channels such as savings, the purchase of educational children's insurance has a layer of guarantee function.
Because many education companies have introduced education-type insurance, they have designed the education fund and the child’s death insurance (the death benefit is equivalent to the pension for the family after the death of the insured). The investment channel, the purchase of educational insurance, has a layer of guarantee function. In addition, the purchase of insurance can also achieve the purpose of reasonable tax avoidance to a certain extent.
If the child is insured
1. Correctly treat the status of child insurance in the family's overall insurance
Who is the first to be insured in a family? Family insurance should be based on couples and supplemented by children. The accident protection, medical security, major disease protection and life insurance protection of the couple, especially the family economic pillar, must be sufficient to ensure that if the economic source of the parents is interrupted, the child can survive through the financial support of insurance and continue to accept good education. If parents enjoy in the unitIf the protection is relatively sound and you have already bought enough commercial insurance for yourself, you can consider buying more insurance for your child.
2. To understand the child's student insurance
before considering to buy insurance for the child, you should first understand what insurance the child already has, so as to avoid repeating unnecessary money. Therefore, parents who are advised to give insurance to students at school should first understand the specific protection clauses of these insurances, and then look at what kind of protection the children lack, and then purchase these insurances to supplement them. In doing so, it is also possible to supervise the collection of premiums by some schools and not to insure students at all.
3. Different ages of different insurance coverage
General insurance is the earlier the insurance is also lower, the more suitable for parents, the sooner the child gets the protection. However, if you start thinking about buying insurance for your child now. For children of different ages, the focus of insurance and the amount of insurance will be different.
In early childhood, due to the high probability of neonatal death, preschool children have poor resistance and are prone to some epidemic diseases. However, the rate of compensation for death as a condition of payment is not high. Generally speaking, the age at death Less than 1 week, the proportion of payment accounts for 20% of the insurance amount; for children who have 1 week but less than 2 weeks, the payment ratio is 40%; for children who have 2 weeks but less than 3 weeks, the payment ratio is 60%; for 3 weeks However, for children under 4 weeks, the payout ratio is 80%, and after 4 weeks, the payout ratio can reach 100%. Therefore, it is recommended to buy more hospitalized medical compensation types. A capable parent can consider planning for a child's education.
In the elementary school period, due to the large number of accidents, the investment in accident insurance should be appropriately increased, and the savings of future education funds should be considered when conditions permit. Of course, if the family is in good condition, the savings of future education funds should be considered shortly after the child is born, so that the annual premium burden can be reduced.
If the child has already arrived at 14, 5 and has not yet purchased an insurance product for education, it is not necessary to be limited to child insurance, because some insurance types can be purchased for 16 or more. In this type of insurance, it is advisable to choose a dividend product with a short interval. It can also replace education grants to a certain extent. Of course, you can also consider the universal life insurance with very flexible payment and withdrawal. This insurance is not only guaranteed, but also highly investment. Adults and children can benefit. At the same time, this age of accident insurance, medical insurance is also indispensable.
4. The amount of insurance for children
In order to protect the interests of minors, the maximum amount of insurance for children with death as a condition of payment is limited to 100,000, so if you are insured by different insurance companies, you should pay attention to the total amount of insurance, because Once the insurance exceeds the limit, the insurance company has the right to refuse to pay the premium. Your child's health and illness insurance, medical compensation, etc., which do not use death as a condition of payment, can be insured beyond this limit. In addition, some insurance companies consider this restriction, which stipulates in the clause that if the insured person dies, he will pay five times the insurance amount. This does not violate the insurance amount limit, but also enlarges the security function. This type of insurance can also be considered as an increase in protection.
5. How much does it cost to buy insurance for children?
Overall, the premium for the entire family should be around 10-20% of the total household. As mentioned earlier, most of the insurance expenditure should be used to insure the family's economic pillar, not children. Therefore, children's premiums should not exceed 10% of the total family, depending on the level and source of the parents. If both husband and wife have social insurance and medical insurance, but do not buy commercial insurance, mainly from their own work, rather than investment returns, the risk factor is large, and if an accident causes death or loss of ability to work, it will lead to interruption, giving The family has brought huge losses.
Therefore, you should buy yourself accident insurance to provide adequate protection for the family. In addition, in order to enable couples to enjoy a higher quality of life after retirement, they should also develop an old-age plan. Medical insurance can optionally purchase major illness insurance to solve the worries. As a result, your premiums will be higher, and your child's premiums should be reduced appropriately, and insurance with the “ Premium Exemption” clause will be considered.
6. You don't need to buy a life insurance for your child
. Parents should buy insurance for their children from the perspective of their children's education expenses and normal life. It is not suitable for large-scale insurance. consider. Even planning for the child's pension. When children reach adulthood, they naturally have jobs and let them make their own insurance plans, which can also establish their sense of responsibility. Parents who lose too much in their children’s insurance and neglect their own protection are not worth the candle.
In addition, when insuring children with major illnesses, it is necessary to pay attention to the diseases that children should develop. It is not that the more diseases are better, some of them are only suitable for adult diseases. If they are included in children's insurance, they may waste premiums.
Choose the insurance that suits you
Economic strength General: Children's accident insurance and medical insurance
These two are the most basic and most economical types of insurance. If you encounter accidental injuries caused by unattended or slightly negligent, such as falls, bumps, or serious accidents such as car accidents, you can get certain Financial compensation. This kind of insurance is not much money but the guarantee is very good.
Strong economic strength: + education savings insurance
If parents have strong economic strength, purchasing education insurance is only "compulsory saving", which can not only solve the tuition problem of children going to high school, university or studying abroad. Another point is that its income is slightly higher than the time deposit, and it can avoid interest tax as a family financial planning.
Economic strength is still acceptable: + Children's major illness insurance
Because of the heavy burden of high medical expenses for major diseases, it often causes huge economic pressure on a family. In the past, insurance companies refused to insure children for this type of insurance, but now the age limit has been relaxed. You can prevent it in case of purchase.